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On Our Radar

Capital Goods Sector Wrap

During trading today, both the Capital Goods sector (XLI) and the S&P500 showed little movement.

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The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, XLI was down 1.3% over the last seven trading days while the S&P 500 climbed -0.5%.

Nobility Homes (NOBH) was a major gainer in the sector, rising 12.7% (+61 cents) to close at $5.40 with 5,006 shares moving. The stock traded in a range of $4.97 to $5.49.

Astec Industries (ASTE) declined 3% to close at $29.08, moving below its 50-day moving average of $29.71 and 200-day moving average of $31.41. The Goldfield Corporation (GV) rose 9.6% to close at $2.29, crossing its 50-day moving average of $2.11.

Manitex International (MNTX) rose 2.6% to close at $7.62, approaching its 50-day moving average of $7.95. It has also moved closer to its 200-day moving average of $7.83. Meritage Homes Corporation (VMC) fell 2.2% to close at $36.17, moving closer to its 50-day moving average of $35.73. Also, the stock moved closer to its 200-day moving average of $40.03.

Makita Corporation (MKTAY) was a major loser in the sector, falling 3.2% (-$1.18) to close at $36.17 with 8,196 shares moving. The stock traded between $36.17 and $36.66. Over the last two months, shares have shown some positive movement as the price has climbed $2.50 (7.4%) from a price of $33.67 on June 28, 2012.

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EDAC Technologies Corporation (EDAC) hit a new 52-week high today, reaching $15.25 to top the previous high of $14.75.